WSJ OPINION - Trump and Congress Need to Attack the U.S. National DebtRising deficits and interest costs impede economic growth and undermine global trust in the dollar
Washington,
January 29, 2025
Tags:
Economy
It’s time to face reality. The era of spending without limits or accountability has reached its breaking point. We must start by reducing the debt, a challenge that’s daunting but not insurmountable...
Trump and Congress Need to Attack the U.S. National Debt Rising deficits and interest costs impede economic growth and undermine global trust in the dollar By Jodey Arrington Treasury Secretary Scott Bessent is concerned about America’s large and growing national deficit. “We have never seen this before when it is not a recession or not a war,” he said during his confirmation hearings. He’s right. Our deficit is unsustainably high, and without a course correction it will undermine efforts to promote economic growth and reduce inflation and threaten our standing as the world’s superpower. |